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US, Japan express concern over Japanese yen
The Japanese yen is almost unchanged on Thursday. In the North American session, USD/JPY is trading at 154.44, up 0.03%. It’s a light data calendar today. US unemployment claims were unchanged at 212,000 and the Philly Fed Manufacturing index surged to 15.5 in April, up from 3.5 in March and crushin
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UK Inflation Slowest Since 2021
UK consumer price inflation softened in March to the lowest since September 2021, the Office for National Statistics reported Wednesday. Inflation weakened to 3.2 percent in March from 3.4 percent in February. However, this was slightly above the forecast of 3.1 percent. The March inflation was the
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Focus turns to final March inflation for the Euro area
In focus today Today, focus is on the final inflation data for March in the euro area. We particularly look out for inflation components that reflect domestic demand as service inflation remained elevated in March. The final data will also allow us to estimate how much the timing of Easter impacted
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NZD/JPY Price Analysis: Bearish momentum overpowers, buyers struggle to retake the 20-day SMA
The daily RSI and MACD reveal a weaker NZD/JPY, pointing towards bearish momentum. The negative trend is stronger on the hourly chart. Despite short-term bearish inclination, the cross position above main SMAs signifies a bullish sentiment in the longer term. The NZD/JPY is trading at the 91.14 leve
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Geopolitical tensions could impact global economy through several channels – Deutsche Bank
Deutsche Bank analysts note that developments in the Middle East will be the main market focus this week and add that geopolitical tensions could impact the global economy through several channels. There is risk that geopolitical shock hurts growth "Most directly, the effects of higher oil prices wi
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Biden promises interest rate cut, violating Federal Reserve independence
'Someone pull Biden's mic or he will reveal just how "independent" the Fed is...' (Ken Silva, Headline USA) As he was ramping up his presidential campaign in December 2019, Joe Biden criticized Donald Trump over his calls for the Federal Reserve to lower interest rates. “The president should not be
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Pull-up Update